Houston Daily

The home at 6505 Fm 723 Road, Richmond was sold on April 30 by Newmark Homes Houston LLC for $587,120.

The buyer was Hussain Lakhani.

The property tax paid for this property in 2020 was $13,128. This is 2.2% of the assessed value of the home.

This property is one of 84 sales in Richmond (Fort Bend County) from March 30 to April 30.

This story was found on BlockShopper.com.

The U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.